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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (35834)	5/25/2000 5:28:00 PM
From: pater tenebrarum	Respond to of 42523

ho ho, the Amerindo guy 'knew' we would sell off in March to April...strange that the fund is down almost 40% then... i hear you...i'll speak to the market gods...i'm sure something can be arranged.

To: MythMan who wrote (35834)	5/25/2000 7:08:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 42523

this is something i have tried to explain before about clowns being wrong when the worm turns.... hence they get obliterated... from Fleck's rap: Don't let them off on a technicality. . . Lastly, he had these poignant comments on dip buying and other old wives' tales: "This is very important: I note that some of the advisory services, even some of the very good ones, are looking at the technicals and concluding that the market is readying itself for a good rally. I want to warn them (many of them read these daily reports) that the technicals do NOT work in a bear market the way they work in a bull market. "Remember, in a bear market the bears are right, just as in a bull market the bulls are right. Example, in a bull market a build-up in the short position is very bullish since in a bull market the shorts are positioning themselves against the primary trend and are therefore wrong. "But in a bear market, a build-up in shorts is NOT bullish since in this case the shorts are aligned properly in harmony with the primary trend of the market. Therefore, those believing that a build-up of shorts in the current market is a bullish factor do not understand what's going on. "In a bear market the technicals that you used during the bull market are not going to work. Be forewarned. (This is one of the tricky factors that hurt so many sincere analysts during the 1973-74 bear market collapse)."